Econ Crisis Presentation

8/14/2019 Econ Crisis Presentation

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Joshua Amir, DarrynFitzgerald, Sasha Resende,

Annie Rossetti


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NPR

National Public Radio

Privately supported, non-profitmembership organization

2% of funding comes from FederalGovernment grants

Primarily listener supported

26.4 million weekly listeners


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Radio as a medium

Limitations Funding

Listener demographic limitation

Active vs. passive audience Compete with outside distractions

Lacks visual/multimedia components

Advantages Pull technology

Reach 99% of U.S. population have access to at least one

NPR station

Economic advantagesFree

Active vs. passive audience

Simplified, personal, story-telling element, tones convey
http://www.thisamericanlife.org/Radio_Episode.aspx?sched=1242http://www.thisamericanlife.org/Radio_Episode.aspx?sched=1242


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Foreclosures Rise with Slowing H

Morning Edition, aired March 10, 2006

Effective questions from reporter: Why would a bank be so eager to lend money to someone who is at

high risk for not being able to pay back a loan of the size they mightbe making in an inflated market?

Predicts the housing market crisis

Reporters reiterates and rewords important points from theinterview to direct audience attention

Not as personal as story could be I've just helped a lady recently, a 57-year-old African-American

divorced mother with a 14-year-old child. She bought a home inAugust of '04 and was foreclosed on this very last Tuesday.

could have interviewed someone directly affected by foreclosure Inskeep does not summarize the story, provide contextual

background, or use multiple interviews to enhance story

Very short could be due to high number of listeners and need tokeep stories to a minimum length
http://www.npr.org/templates/story/story.php?storyId=5255718http://www.npr.org/templates/story/story.php?storyId=5255718


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Subprime Mortgage Concerns RattleMarkets

Morning Edition, Aired March 14, 2007 Effective Early Reporting

Clear Description of subprime mortgages, practices, and concerns Lending and burrowing principles

Case Studies New Century Financial

Federal Grand Jury and S.E.C. to investigate records,loans

Country Wide Financial Liquidity crisis

Consequences 240 point fall in Dow Jones Industrial Wall Street stopping credit

Expert Reporting Nigel Gault, Global Insightdiscusses frozen lending

"Loans that were made in 2005 and 2006, withhindsight, were bad loans...the market is nowcorrecting. And it may be be a painful correction.

Flaws Where do we go from here? How does the market recover?


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Does Bear Stearns Bailout Set a Bad Precedent?

All Things Considered, Aired 25 March 2008

Features an interview with Russell Roberts, aprofessor of Economics.

o Russells is an objective sourcebecause he had no stake in the BearStearns bailout.

Interview is very straight-forward and clear.

Takes a very complex issue and deconstructs itfor the average NPR listener to understand.

Timeliness and Effectiveness

o Interview broadcast 9 days after theFederal Reserve Bank of New Yorkfacilitated the buyout of Bear Stearnsby JP Morgan Chase.

o Russells foreshadows Lehman Brothersfuture assumption that the federalgovernment would bail them out andfacilitate a buyout by Bank of Americaor Barclays.

o Addresses relevant issues, while also

highlighting the future implications ofpresent measures


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Coverage On the Day the Crisis Hit

All Things Considered, Aired September 15, 2008

On the day that Lehman Brothers filed bankruptcy, All Things Considereddevoted three entire reports to the ensuing financial storm.

Paulson Tries to Calm Nerves on Wall Street

Story is very compact, with lots of quick facts and terms that maybe confusing to listeners.

Bank of America Buys Merrill Lynch for $50B

Balances host Jim Zorrolis straight-forward descriptions with bitsof financial facts from various Wall Street and academiccommentators

Can satisfy both its business-savvy audience and less business-oriented listeners.

AIG Gets OK To Borrow From Subsidiaries

Interview with senior writer for Business Week, an objectivesource. However, she assumes a certain amount of knowledgefrom the listeners.

Strengths

Overall, NPR did a good job of breaking down the most importantissues on this news-packed day.

Gave a comprehensive analysis of ensuing financial downturn.

Flaws
http://www.npr.org/templates/story/story.php?storyId=94640691http://www.npr.org/templates/story/story.php?storyId=94640694http://www.npr.org/templates/story/story.php?storyId=94640697http://www.npr.org/templates/story/story.php?storyId=94640697http://www.npr.org/templates/story/story.php?storyId=94640694http://www.npr.org/templates/story/story.php?storyId=94640691


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Expert: Despite Mixed News, Ec

All Things Considered, Aired October18, 2009

Reporter asks pointed questions that

explain the disparity betweennumbers in the market and thenations soaring unemployment rates

The stock market has been soaring

the Dow's up more than 50 percentsince March yet the unemploymentrate is still sky-high, hovering justbelow 10 percent.

Explains the current stage as astandard hase of recover .


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Continued Reporting and NPR.org

On the one-year anniversary of the September 2008

downturn, NPR.org created a special section on itswebsite titled Financial Crisis: On Year and Countingwhich organized the most relevant stories NPR broadcastin September 2009 to analyze the impact of the crash.

NPRs website features: Archive Organized programming

Radio playlists

Podcasts

Live streaming

Recommended programs

Good way to stay informed and find specific stories

Interactive media: Comment boards, multimedia

Showcases NPRs ability to adapt to new media technology andchanges in the consumption of news
http://www.npr.org/templates/story/story.php?storyId=112578215http://www.npr.org/templates/story/story.php?storyId=112578215http://www.npr.org/templates/story/story.php?storyId=112578215


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Planet Money: The Financial Crisis OneYear Later

Morning Edition, Aired September 7, 2009

Effective Ongoing Reporting

Summarizes major events and components leading up to September7, 2008

Subprime Mortgages, Bear Sterns, Fannie Mae, Freddie

Mac, Lehman Brothers, AIG Credit principles, histories, and analogies

Personal accounts

Davidson recalls how he covered the crisis on September 7, 2008

Discussion of where the economy is headed?

Consistent reliance on the government

Commercial real-estate concerns Format

Clear definitions of terms

Well paced for an engaging and informative segment
http://www.npr.org/templates/player/mediaPlayer.html?action=1&t=1&islist=false&id=112614703&m=1126146811http://www.npr.org/templates/player/mediaPlayer.html?action=1&t=1&islist=false&id=112614703&m=1126146811


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Will the Global Economy Learn It

Morning Edition, aired 17 September 2009

Basic Question Posed: One year later, has the globaleconomy learned from its mistakes and made the

necessary changes to its business practices? Answer: Largely, no.

Breaks down the crisis and its global implications, relying onfinancial experts for sound bites and analysis.Commentators were objective and they laid out the grimrealities that await in the future.

Timeliness Reports news the people dont necessary wantto

hear, but that they needto hear.

Flaws Assumes knowledge of macroeconomic concepts


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Econ Crisis Presentation

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